MergerPlace

Profitable Moving Company-Absentee Owner

New Jersey (Middlesex)


  • Asking Price: $159,000
  • Gross Income: $232,876
  • Cash Flow: $55,026
  • Real Estate: Not Disclosed
  • Inventory: $2,000
  • FF&E: $2,000
  • Listing ID: #203777
  • Established: 1986
  • Employees: 2 FT/2 PT

Business Description

Profitable, well established business with great growth potential. The company is a New Jersey based moving and storage company. It was founded 30 years ago and has been providing dependable, quality moving, packing and storage services in New Jersey and the Continental United States since then. Two-thirds of their new bookings come from past customers & referrals.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Middlesex

Company Information

Year Established: 1986
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT/2 PT

Financial Information

Asking Price: $159,000
Gross Revenue: $232,876
Cash Flow: $55,026
FF&E: $2,000
Inventory: $2,000
Seller Financing Available: No

Property Information

Facilities:

The company occupies 1,600 sq ft in a leased facility in Middlesex County. Additional storage space is leased as needed.

Growth & expansion opportunities:

There is a great potential for growth. The company purposely downsized several years ago when the owner moved out of the country. A new owner who wishes to invest in a growth strategy could grow the business substantially. Growth would only be limited by vision of the new owners. Simply by advertising and investing in employees and additional equipment, growth will occur. The business environment today will facilitate the growth process. Adding commercial moves will also add new business.

Competition:

After the 2008 crash, the moving industry was greatly affected. There were over 400 movers in the state and about half of them survived. The moving industry has now rebounded and poised for significant growth in the coming years. The company's greatest strengths are: 31 years in business Great reputation 65% of new business from referrals Loyal hardworking staff Weaknesses and threats are: Capital / Cash Flow is insufficient for growth

Reason for selling:

Owner lives outside of the country and can no longer manage the business.

Support & Training:

Will train for 4 weeks @ no cost Moving, packing and storage services in New Jersey and the Continental United States.

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Business Listed By:

Ed O'deven

Murphy Business Brokers